Girish Kapoor (Accountant & MBA student) (50 Points)
08 September 2009Hi,
In case of joint housing loan taken by husband & wife. What will be the basis of disturibution of interest and principal component between both of them. It should be on the basis of ownership raion or payment ratio???
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 08 September 2009
If any share mentioned in the flat purchase agreement then that ratio or payment ratio will be preferred. It can also be mutually be decided between you both as you could also show the amount paid by the husband as paid on her behalf as loan to the wife and claim 50:50 interest & principal
CA. Nitin Agrawal
(Chartered Accountants)
(1066 Points)
Replied 08 September 2009
CAclubindia
